Kombat Taekwondo is proud to announce the upcoming launch of its pioneering cryptocurrency, RESPECT TOKEN, marking a historic event as the first fully usable decentralized digital currency in the martial arts and combat sports industry. This revolutionary development is designed to drive digital currency into the world of martial arts, providing unprecedented opportunities and improving the way practitioners, fans and businesses engage with the sport.
When Kombat Taekwondo launched last year, Kombat Taekwondo President Rick Shinn boldly declared, “The new era of Taekwondo is here.” It wasn’t just a slogan—it was a promise. Today, with the introduction of the RESPECT TOKEN, President Rick Shinn is fulfilling that promise and revolutionizing the entire martial arts industry.
Under the leadership of Kombat Taekwondo President Rick Shin, who is also the founder of RESPECT TOKEN, this ambitious project has been meticulously developed over the past two years. He and his dedicated team have worked tirelessly to ensure that RESPECT TOKEN not only meets but exceeds the expectations of the martial arts community. Their efforts have culminated in a solution set to be released in the next few weeks, poised to redefine how the martial arts and combat sports industry interacts with digital finance. More information about this innovative cryptocurrency will be provided in the coming weeks as the official launch date approaches.
Integrated seamlessly into the martial arts ecosystem, RESPECT TOKEN is designed to empower all levels of participants, from students and instructors to event organizers, athletes, coaches and referees. With its versatile functionality, this decentralized digital currency will be used for a variety of purposes, including but not limited to:
Athlete, coach, referee and official payments
Facilitating secure and instant payments for athletes, coaches, referees and officials at global competitions and events.
Event tickets
Ability to purchase tickets for events and tournaments, both in person and virtual.
Goods and equipment
Providing a new payment method for purchasing equipment, clothing and other related goods.
Training programs and training payments
Offers a streamlined payment solution for enrolling in martial arts training programs and classes, as well as making tuition payments for martial arts training.
Awards and Scholarships
Awarding RESPECT TOKEN as prizes in competitions and as scholarships to support promising martial artists in their training and education.
Online sports betting
It allows fans to bet on sports entertainment matches and events, creating a new and engaging way to interact with sports.
Incentives and rewards
Rewarding participants for achievement, commitment and contribution to the martial arts community.
With the introduction of RESPECT TOKEN, Kombat Taekwondo not only embraces the future of digital finance, but also sets a new standard for innovation in the world of martial arts and combat sports. This initiative highlights President Rick Shinn’s commitment to pushing the boundaries of technology and improving the experience of everyone involved in the sport.
“We are thrilled to be at the forefront of this groundbreaking initiative,” said President Rick Shinn. “RESPECT TOKEN will revolutionize the way martial arts, fans and businesses interact in our community, bringing a new level of convenience, security and accessibility to the sport we all love.”
Kombat Taekwondo is the largest professional Taekwondo league in the world, with a global presence in 110 countries. All of his professional events are broadcast on major networks including ESPN, ESPN STAR+ and Disney Plus, providing extensive coverage. The organization has over 1,400 certified referees and 700 licensed clubs, making it the fastest growing martial arts organization worldwide. Kombat Taekwondo is dedicated to advancing the sport and culture of Taekwondo through innovative programs, high-caliber competitions and cutting-edge digital solutions, setting the standard for excellence in the martial arts and sports entertainment industry.